Sustainable aviation fuel to increase – IATA
The International Air Transport Association (IATA) expects sustainable aviation fuel (SAF) production to double in…
Browsing Tag
net zero emissions
Japan sets 60% greenhouse gas reduction target by ’35
Japan's environment and industry ministries finalised a plan on Tuesday to cut greenhouse gas (GHG) emissions by 60…
Thailand launches Asia’s 1st sustainability sovereign bond
Thailand's Public Debt Management Office (PDMO), in collaboration with the Asian Development Bank (ADB), issued…
UAE’s ADNOC announces separate low-carbon firm
Abu Dhabi National Oil Company (ADNOC), the UAE’s largest oil producer, announced the creation of XRG, a new…
Kuwait outlines $110b plan for 2050 net-zero target
State-owned Kuwait Petroleum Corp. unveiled plans to achieve net-zero emissions by 2050, significantly ahead of the…
Canadian banks fall behind in renewable investments
Canada’s financial institutions are falling short in the investment levels required for renewable energy to reach…
$3T/yr needed for low-carbon transition – Yellen
US Treasury Secretary Janet Yellen emphasised the need for $3 trillion in new capital annually until 2050 to…
HSBC launches new unit for green infrastructure finance
HSBC UK established a new unit, HSBC Infrastructure Finance (HIF), to focus on infrastructure and project finance…
US, 13 allies to sign Indo-Pacific economic agreements
The US and 13 partner nations in Asia and the Pacific are poised to sign agreements on two additional components of…
Asia’s PAG raises $550m for clean energy fund
Asia-Pacific investment firm PAG announced on Monday that it has raised $550 million for its first renewable energy…
Australia greenlights offshore wind feasibility licences
Australia has approved on Wednesday six projects to explore the potential of constructing offshore wind farms along…
Singapore compel outbound flights to use sustainable fuel as of 2026
Singapore will compel all departing flights to use sustainable aviation fuel (SAF) starting in 2026, which aligns…
Macquarie, Federated Hermes mull trimming UK’s Cadent stake
The Macquarie Group and U.S. based Federated Hermes are considering a collective sale of their stakes in UK's gas…
More than 20 firms support 2050 net-zero goal – COP28 President
Sultan al-Jaber, the president of COP28 said on Monday that more than 20 oil and gas companies were rallying around…
Net-zero emissions can be reached by 2050 – IEA report
A new report by the International Energy Agency (IEA) showed on Tuesday that achieving the net zero emissions…
UAE’s ADNOC, TAQA secure financial closing for $2.2bln water project
Abu Dhabi National Oil Company (ADNOC) said on Monday that it has secured the financial closing of $2.2 billion…
Developing nations need $5.9tn to reduce emissions – G20 leaders
The G20 leaders acknowledged that the developing countries will require $5.9 trillion in the pre-2030 period for…
India needs $12.7 to reach net zero emissions by 2050
India's ambitious path towards a net zero economy by 2050 presents an investment opportunity that amounts to at…
Bahrain signs deals for 72 MW solar park to achieve net zero emissions
Bahrain has signed agreements to launch a solar park project with a capacity of 72 megawatts, as it will contribute…
Mercedes set to launch electric van platform
Mercedes-Benz is planning a new expandable platform for its electric vans, to reduce costs by 20 percent, which can…
Emirates funds airlines to reach net zero emissions with $199 million
Emirates Airline announced on Thursday that it is creating $199 million fund for research and development projects…
Ohmium receives $250mln for clean hydrogen production
Green Hydrogen company Ohmium announced on Wednesday it has obtained $250 million fund to increase clean hydrogen…
RBC is the world’s top financer of fossil fuel development
Royal Bank of Canada was the biggest fossil fuel financer in the world in 2022, with funds reaching $42 billion,…
U.S. climate envoy Kerry joins forces with Michael Bloomberg to help cities cut emissions
U.S. Billionaire businessman Michael Bloomberg, the U.S. state department, and U.S. climate envoy John Kerry…
Saudi Arabia’s sovereign fund PIF eyes net-zero emissions by 2050
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) aims to attain net-zero emissions through…
COP27 Egypt: Who’s attending?
The 27th UN Climate Change Conference (COP27) will kick off on Sunday, with world leaders arriving in Egypt to…
UK’s PM Truss will attend COP27 in Egypt, without King Charles III
British Prime Minister Liz Truss will attend the climate summit COP27 next month as it will be a part of her…